Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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please help/@2 hw3&4
Transcribed Image Text:Journal Entries - Brief Exercises 3-3 (Algo) Record transactions (LO3-4)
The following transactions occur for the Panther Detective Agency during the month of July:
1. Purchase a truck and sign a note payable, $14,600.
2. Purchase office supplies for cash, $560.
3. Pay $760 in rent for the current month.
Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes, Payable, and Rent
Expense.
Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.
No
Transaction
1
1
Equipment
Notes Payable
Supplies
Cash
Rent Expense
Cash
Answer is not complete.
General Journal
*
X X X X 10
Debit
Credit
14,600
14,600
560
560x
760 x
760 x
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